Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

...America Corp., General Electric's Synchrony Bank and Citigroup Inc.?each of which has been sued by borrowers who said they had inaccurate credit reports. The banks have denied wrongdoing. Earlier t...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

...America Corp., General Electric's Synchrony Bank and Citigroup Inc.--each of which has been sued by borrowers who said they had inaccurate credit reports. The banks have denied wrongdoing. Earli...

Hartford Financial Core Earnings Jump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Hartford Financial Services Group Inc. said its second-quarter core earnings more than doubled, rising well above analysts' estimates, helped by improved underwriting results. The company also announced plans to boost its dividend and increase stock buyback and debt repayments. The ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for £ 3.3 billion ($5.1 billion) in cash. Melrose intends to use the proceeds to ...

Zurich Insurance May Seek to Buy U.K. Insurer RSA

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Neil MacLucas ZURICH--Zurich Insurance Group AG said Tuesday it is considering a potential offer for the U.K. insurer RSA Insurance Group PLC. The Swiss insurer said that it is responding to media speculation about a bid for its U.K. ...

Smaller Chinese Cities Miss Housing Recovery

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Esther Fung CHANGCHUN, China--The name of this city in northeastern China means eternal spring, a misnomer for a place where winter temperatures can reach as low as -30 degrees Celsius (-22 Fahrenheit). But while the housing markets in some ...

GKN Raises Aerospace Stakes with Fokker Buy--Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Robert Wall LONDON-- GKN PLC has agreed to buy the Netherland's historic Fokker Technologies Group BV as the British engineering company deepens its bet on the aerospace sector. The British supplier of plane parts to Boeing Co. and Airbus ...

Diageo Terminates Heineken Partnership in South Africa

TODAY: July 28, 2015 PUB DATE: July 28, 2015

...America, its largest market. The company has told investors that between 2013 and 2017, the South Africa liquor market is projected to grow by 45% to $2.39 billion. Tuesday's move, said Mr. Mundy, ...

Stocks Steady as China Bounces Back -- Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Tommy Stubbington Global stock markets steadied on Tuesday after heavy declines, as Chinese shares bounced back from their lows in another roller coaster session. In Europe, the Stoxx Europe 600 was up 0.8% midmorning. The index had fallen 2.2% ...

S&P 500, Nasdaq Futures -- Technical Analysis

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Chicago Mercantile Exchange September S&P; 500 Futures 2125.20 -- lifetime high 2121.30 -- previous month's high 2117.53 -- second pivot point resistance 2102.74 -- 9-day moving average 2097.57 -- first pivot point resistance 2087.13 -- 4-day moving average 2086.03 -- ...

AIG to Buy First Principles, Names New Investment Chief

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chelsey Dulaney and Leslie Scism American International Group Inc. said Tuesday that it is buying First Principles Capital Management LLC and tapped the private-investment management firm's top executive as its new investment chief. First Principles CEO Douglas A. Dachille ...

Home Price Growth Remains Solid in May, Says Case Shiller

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Laura Kusisto Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery. The S&P;/Case-Shiller Home Price Index, covering the entire nation, ...

Cummins Profit Tops Expectations

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Engine manufacturer Cummins Inc. said second-quarter profit rose 5.6% as demand in North American markets and the benefit of acquisitions offset weakness in Brazil and other foreign markets. Shares...

U.S. Consumer Confidence Falls

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Consumers unexpectedly took a dimmer view of the U.S. economy this month. Householders were especially less optimistic about current and future job growth. The Conference Board, a private research group, said Tuesday that its index of consumer confidence plunged to ...

Supervalu to Consider Spinoff of Save-A-Lot

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Angela Chen Supervalu Inc. said Tuesday that it is considering spinning off its Save-A-Lot chain to better focus on its other segments, as the discount chain reported better-than-expected results for the June quarter. Shares of Supervalu, which had fallen ...

Mylan's Leverage to Resist Teva Deal Reveals Shift in Rules

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Shayndi Raice and Liz Hoffman At a heated meeting with Mylan NV's executive team in a Manhattan conference room in May, several investors complained about the drug maker's resistance to a $40 billion takeover proposal from Teva Pharmaceutical Industries ...